Well-known American comedian and actor of Ghanaian heritage, Michael Blackson, has announced his intention to pursue legal action against the Ministry of Finance due to the mismanagement of his Eurobond investment.
He explained that he initially made the investment with the hopes of using the returns to support his school project.
However, due to the current situation, he is now seeking alternative funding sources for the school.
Since his investment has become inaccessible, Blackson has been vocal about his frustration on social media.
On October 14, 2024, he took to his platforms once more to express his discontent and inform his followers about the impending legal steps he plans to take.
He stated, “I’m seeking legal actions against the finance ministry of Ghana.
I have a free school I’m financing on my own, and they took away the potential earnings I was going to use to fund the school. Now I have to figure something else out for those poor kids.”
Previously, Blackson revealed that he acquired Eurobonds to fund his school, the Michael Blackson Academy, located in Agona Nsaba. However, he has encountered difficulties in recovering his investment.
He explained that his decision to invest in Eurobonds stemmed from the belief that it would provide financial support for the sustainability of the free school he established.
However, he said, “Ghana decided to use our money to pay their debt to China or whoever and leave us hanging.”